12 Frederick St
Listing Notes
Excellent opportunity to own a cash-flowing 4-family rental property with strong upside potential to convert to a 6-family (buyer to verify zoning and approvals). Ideally located near shopping, dining, and public transportation, this property checks all the boxes for investors seeking stable income today and growth tomorrow.Each unit offers functional layouts with separate living spaces, making it attractive to long-term tenants. The building is well-suited for continued rental operation while exploring value-add opportunities through unit upgrades, rent optimization, or potential expansion.
Price in context
Cheaper than 17% of the 24 homes listed nearby right now, which run $449,900 to $999,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 148 Jerome Pl | $449,900 | 2 bd · 2 ba |
| 132 Jerome Pl | $505,000 | 3 bd · 2 ba |
| 60 Berkeley Ave | $515,000 | 4 bd · 2 ba |
| 115 Lexington Ave | $519,900 | 3 bd · 2 ba |
| 617 N 8th St | $529,000 | 5 bd · 2 ba |
| 59 Wallace St | $550,000 | 4 bd · 2 ba |
| 36 Edison St | $575,000 | 3 bd · 3 ba |
| 697 1/2 N 5th St | $575,000 | 4 bd · 2 ba |
| 586 N 11th St | $589,000 | 4 bd · 2 ba |
| 96 Heckel St | $599,000 | 4 bd · 3 ba |
| 37 Edison St | $605,000 | 3 bd · 2 ba |
| 322 N 10th St | $605,000 | 4 bd · 2 ba |
| 2 Harrison St | $620,000 | 1 bd · 2 ba |
| 76 Heckel St | $649,000 | 4 bd · 3 ba |
| 296 Berkeley Ave | $649,900 | 4 bd · 3 ba |
| 67 Heckel St | $679,000 | 5 bd · 3 ba |
| 229 Brighton Ave | $679,900 | 5 bd · 3 ba |
| 654 N 5th St | $725,000 | 5 bd · 3 ba |
| 9 N 8th St | $749,000 | 5 bd · 4 ba |
| 80 Heckel St | $750,000 | 4 bd · 3 ba |
| 113 Harrison St | $849,900 | 8 bd · 3 ba |
| 562 N 11th St | $949,000 | 6 bd · 5 ba |
| 560 N 11th St | $949,000 | 6 bd · 5 ba |
| 93 Davenport Ave Unit 4 | $999,000 | 12 bd · 4 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more